Let’s start our Asian Tech M&A report by looking at deal volumes, which were incredibly robust with 520 transactions announced through September 2026, on pace to exceed the 10-year high of 658 transactions achieved in 2025. Demand was particularly strong from strategic acquirers, which represented the buyer in 92% of these transactions. Private Equity firms represented the acquirer in 39 of these deals.

Total disclosed M&A deal values reached $20.5 billion during the first nine months of 2026, approximately the total level announced in 2025. Financial terms were disclosed in only 28% of these transactions as buyers preferred to keep their M&A strategies private. 

In the first nine months of 2026, Micronity, a Japanese AI‑driven software business succession platform and GMO Tech, a Japan-based digital marketing and SaaS provider, were the most active buyers in the report’s dataset, with 4 acquisitions each, followed by strategic buyer Grab, a Singapore-based mobility, delivery and financial services platform, with 3 announced acquisitions.